Finance News 5 June 2020

Summaries of today's leading financial news
Finance News 5 June 2020
Daily Finance News Highlights are a service to our top clients, with daily alerts on what is making Botswana's finance news. Source: Hotwire

From health crisis to bank crisis – The move by the bank of Botswana to cut interest rates by 50 basis points from 4.75 percent to 4.25 percent to stimulate demand has seen banks across the banking sector following suit decreasing their primaries. (Mmegi)

Jefferies joins Fin Min – Prominent economist, Keith Jefferies, has joined the Ministry of Finance and Economic Development as Senior Policy Advisor, it has been learnt. (Mmegi)

Letshego expects P31m knock – Homegrown microlender, Letshego Holdings, calculates that it could take a P31 million hit across its operations as a result of the coronavirus pandemic. (Mmegi)

US Banks dumps BPOPF – S&P Global ranks the outfit as the largest bank in the USA and the sixth largest in the world with total assets, US$2,689 trillion (P32 trillion). (Mmegi)

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